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PETRONAS sells its 14.94% stake in Cairn India to Vedanta (10.4%) and private investors (4.54%)


PETRONAS sells its 14.94% stake in Cairn India to Vedanta (10.4%) and private investors (4.54%)

Report summary

PETRONAS has announced the divestment of its 14.94% stake in Cairn India for a total sale price of US$2.1 billion. The majority, a 10.4% stake, has been acquired by Sesa Goa, a subsidiary of Vedanta Resources. The sale is a separate transaction from Vedanta's proposed acquisition of a controlling stake in Cairn India from Cairn Energy, but will have implications for the wider move. Pending the exact outcome of its deal with Cairn Energy, Vedanta will now ultimately control between ...

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  • PETRONAS sells its 14.94% stake in Cairn India to Vedanta (10.4%) and private investors (4.54%) PDF - 462.55 KB 4 Pages, 1 Tables, 2 Figures

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • Executive summary
  • Transaction details
  • Deal analysis
    • Background - the original deal terms
    • The current state of affairs and potential outcomes

In this report there are 3 tables or charts, including:

  • Executive summary
  • Transaction details
  • Deal analysis
    • Previous potential equity structure; Scenarios 1 and 2
    • New potential equity structure; Scenarios 1 and 2
    • Deal analysis: Table 1
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